A Ludhiana based trader told Fibre2Fashion, “Higher prices of yarn and poor demand from end users are discouraging buyers. Buyers are unable to decide on increasing production due to costlier raw material.”
In Ludhiana market, 30 count PC combed yarn (48/52) was sold at ₹295-305 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 30 count PC carded yarn (65/35) was priced at ₹280-290 per kg. 20 count PC (recycled-O/E) PSF yarn (40/60) was traded at ₹210-215 per kg. 30 count poly spun yarn was sold at ₹185-200 per kg, and 30 count recycled poly spun yarn at ₹172-177 per kg. Acrylic NM (2/48) was priced at ₹320-330 per kg, while acrylic NM (2/32) was at ₹275-285 per kg. High tenacity recycled fibre was priced at ₹96 per kg.
The price of PSF remained stable at ₹126 per kg. However, the man-made fibre is likely to gain Reliance Industries Limited (RIL) has increased the price of MEG. The company has fixed prices of raw material as: PTA ₹97 (-0.20) per kg, MEG ₹61.90 (+1.50) per kg and MELT at ₹100.64 per kg, as per TexPro.
Meanwhile, cotton prices dropped further in Punjab and other northern states due to poor buying from mills. Cotton was sold at ₹10,200 per maund of 37.2 kg in Punjab market. Earlier, it was sold at ₹10,400 per maund.
ENDS
ALCHEMPro News Desk (KUL)
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